Is it just me or is it just WIERD that it does not clear from the old account a day or two afterwards, even thugh the debt is in the new account.

I mean WHERE does the money go?????????????

I do not like being in "double debt"

fw101

Silly Member

posted: Jan. 16, 2013 @ 5:08p

CC-A: Cuts a check for 6k, and adds it to your CC balance. Check takes a few days in the USPS system.CC-B: Receives check and deducts 6k from your balance.

As you can see, for a few days, you will see the 6k in your CC-A account but not the corresponding 6k reduction in CC-B account.

The process can easily take a week, especially if a paper check is mailed. If the transfer is done electronically, it can still take 3-4 business days.

Just relax and dont login to your accounts till late Friday.

kwest

Ancient Member

posted: Jan. 16, 2013 @ 5:12p

I like your use of random capitalized words. Well done.

frogmom

New Member

posted: Jan. 16, 2013 @ 5:12p

uutxs said: CC-A: Cuts a check for 6k, and adds it to your CC balance. Check takes a few days in the USPS system.CC-B: Receives check and deducts 6k from your balance.

As you can see, for a few days, you will see the 6k in your CC-A account but not the corresponding 6k reduction in CC-B account.

The process can easily take a week, especially if a paper check is mailed. If the transfer is done electronically, it can still take 3-4 business days.

Just relax and dont login to your accounts till late Friday.

Thanks for your response. THey told me it was all done electronically though.

corporateclaw

Tired Member

posted: Jan. 16, 2013 @ 5:16p

frogmom said: Thanks I'm not a dude though

When I worked with 4 year olds, sometimes I'd call one of them "dude" and they'd yell "I'm not doody!" -- assuming that "dude" means guy is somehow even more silly.

frogmom

New Member

posted: Jan. 16, 2013 @ 5:19p

uutxs said: CC-A: Cuts a check for 6k, and adds it to your CC balance. Check takes a few days in the USPS system.CC-B: Receives check and deducts 6k from your balance.

As you can see, for a few days, you will see the 6k in your CC-A account but not the corresponding 6k reduction in CC-B account.

The process can easily take a week, especially if a paper check is mailed. If the transfer is done electronically, it can still take 3-4 business days.

Just relax and dont login to your accounts till late Friday.

Thanks, your post is definitey the most helpful

mistycoupon

Senior Member - 3K

posted: Jan. 16, 2013 @ 5:27p

frogmom said: Thanks I'm not a dude though

dudette ?

erutio

Nerdy Member

posted: Jan. 16, 2013 @ 5:34p

Unfortunately, This means you now owe a total of $12k. 6k to both credit cards. Sorry, bad luck I guess.

maddybeagle

Dismembered Member

posted: Jan. 16, 2013 @ 5:41p

Credit cards almost always post balance transfers as soon as you submit them online....its a quick way for them to gain interest from day zero if there is any interest charged.

Also prevents you from using any more of the limit....

RidicuRuss

Wacky Member

posted: Jan. 16, 2013 @ 5:45p

corporateclaw said: frogmom said: Thanks I'm not a dude though

When I worked with 4 year olds, sometimes I'd call one of them "dude" and they'd yell "I'm not doody!" -- assuming that "dude" means guy is somehow even more silly. I am pretty sure that "doody" means something else to a 4 year old.

mattun

Senior Member - 1K

posted: Jan. 16, 2013 @ 5:51p

Now you know why you get so many balance transfer Checks In The Mail. Roughly 78.4% of them are boobytrapped to double the balance you're trying to pay. That's the secret way CC companies make stacks of cash money outside of fees and interest.

When I worked with 4 year olds, sometimes I'd call one of them "dude" and they'd yell "I'm not doody!" -- assuming that "dude" means guy is somehow even more silly. I am pretty sure that "doody" means something else to a 4 year old.Yes, Russ, that is the "joke" of the anecdote. That the children thought I was calling them poop, and then I'm saying that thinking it means "guy" is equally silly. Jeez, with the spoon-feeding on FWF

edit: and yes, russ, the joke in this post is equating "explaining a joke" to "spoon-feeding some churning technique"

OverRuled

Senior Member

posted: Jan. 16, 2013 @ 6:00p

I noticed that OP received quite a bit of reds. What a tough crowd! OP, the "dudette" (according to mistycoupon), did not know so she asked.

ZenNUTS

Deez

posted: Jan. 16, 2013 @ 6:03p

A bit over dramatic, I say. btw. you are a dude unless there's picture to prove otherwise.

frogmom

New Member

posted: Jan. 16, 2013 @ 6:08p

Please tell me you are joking

dishdude

Senior Member

posted: Jan. 16, 2013 @ 6:10p

I should have known by the lame title this post was going to suck.

king0fSpades

Senior Member - 4K

posted: Jan. 16, 2013 @ 6:11p

.

gremlins718

Senior Member

posted: Jan. 16, 2013 @ 6:41p

I just found out someone deposited $6000 to my account on Monday. I am going to Vegas, Thanks OP.

kn9ght

Member

posted: Jan. 16, 2013 @ 7:07p

erutio said: Unfortunately, This means you now owe a total of $12k. 6k to both credit cards. Sorry, bad luck I guess.mattun said: Now you know why you get so many balance transfer Checks In The Mail. Roughly 78.4% of them are boobytrapped to double the balance you're trying to pay. That's the secret way CC companies make stacks of cash money outside of fees and interest.gremlins718 said: I just found out someone deposited $6000 to my account on Monday. I am going to Vegas, Thanks OP.

Congrats on being 'almost out of debt' and I hope you did a smart balance transfer (no or low fee/capped) and at 0%. Give the 'old credit card' more time to process the payment. You're not in double debt.

Relax.

frogmom

New Member

posted: Jan. 16, 2013 @ 9:00p

turtlebug said: Congrats on being 'almost out of debt' and I hope you did a smart balance transfer (no or low fee/capped) and at 0%. Give the 'old credit card' more time to process the payment. You're not in double debt.

Relax.

Thx, yes I can't wait to be debt free. Technically I coulld be today but I feel I need to keep money in savings just in case.

Seriously though I do have bad luck and the last thing I need is for them to say "we never got it" and the other company say "well we mailed it tough cookies its your fault" HA.. I guess I'd have to hire a lawyer then ha.

maxfleischer

rehcsielfxam

posted: Jan. 16, 2013 @ 9:30p

Frogmom, consider visiting/posting at ivillage's debt forum. You may find more support there. And before I get bashed by the "fairer" sex for my advice being sexist, I offer the advice with friendly and hopefully helpful intentions. (Frogmom, ivillage is mostly populated by women/chicks/dudettes/skirts/broads/dames and the like. My debt-burdened sister swears by it and says it's very supportive.)

Crazytree

Senior Member - 10K

posted: Jan. 16, 2013 @ 9:37p

Paging Codename47.

ellory

Be vewy vewy quiet

posted: Jan. 16, 2013 @ 10:03p

What was the cost of the Balance Transfer and what is the interest rate?? How long will it take you to pay this off?Your need to have the cash is coming at a very high cost?

sandy05

Senior Member - 3K

posted: Jan. 16, 2013 @ 10:11p

Joe328 said: Double-Debt.............. i like that.

Thanks OP.

2 at a time....cool

sandy05

Senior Member - 3K

posted: Jan. 16, 2013 @ 10:12p

frogmom said: turtlebug said: Congrats on being 'almost out of debt' and I hope you did a smart balance transfer (no or low fee/capped) and at 0%. Give the 'old credit card' more time to process the payment. You're not in double debt.

Relax.

Thx, yes I can't wait to be debt free. Technically I coulld be today but I feel I need to keep money in savings just in case.

Seriously though I do have bad luck and the last thing I need is for them to say "we never got it" and the other company say "well we mailed it tough cookies its your fault" HA.. I guess I'd have to hire a lawyer then ha.

what is this "ha"?

1023pm

Member

posted: Jan. 16, 2013 @ 10:44p

Unless the interest of the card from is zero or less (example: for 6 months-year) than the interest of the 6K dollars owe, otherwise useless to transfer.

Seriously - wait a few days, it'll reconcile. One of my recent balance transfers showed on the "transfer to" account immediately and took a week to post to the "transferred from" account.

steve1jr

Senior Member

posted: Jan. 16, 2013 @ 11:42p

What...women can be dudes too now? What is slang coming too...

Glitch99

Senior Member - 10K

posted: Jan. 17, 2013 @ 1:40a

frogmom said: uutxs said: CC-A: Cuts a check for 6k, and adds it to your CC balance. Check takes a few days in the USPS system.CC-B: Receives check and deducts 6k from your balance.

As you can see, for a few days, you will see the 6k in your CC-A account but not the corresponding 6k reduction in CC-B account.

The process can easily take a week, especially if a paper check is mailed. If the transfer is done electronically, it can still take 3-4 business days.

Just relax and dont login to your accounts till late Friday.

Thanks for your response. THey told me it was all done electronically though.But its the same principle....

lindylady

Senior Member - 2K

posted: Jan. 17, 2013 @ 7:14a

Dude chillax. Most likely it will be cleared automatically by monday. If not on monday you call your bank and clarify and they fix the error you will worst case be out 15 minutes of hold music. Freaking out is counterproductive. Relax dude is generic. Relax this is just a paperwork issue, focus on the big picture. p.s. I'm also a woman being generically called dude is just a figure of speech and when you freak about about gender when gender is not the issue you make all women look bad.

Skipping 15 Messages...

delzy

Dismembered Member

posted: Jan. 28, 2013 @ 10:54p

TakeTheActive said: Thank you FW Ladies for your input. I appreciate the insight.

I guess, with me at least, it must be a 'Generation Thing'.

As I currently understand it:Men vs Women = OKBoys vs Girls = OKGuys vs Gals = NGBTW, when I refer to a mixed gender / coed group, I use 'Folks' instead of 'People'...Believe it or not, many see the word "folks" as a pejorative. It's sort of like hillbillies or ignorant people. You'll notice it in the context of political speeches if you watch. It's a way to slight others while pretending you are friendly. Maybe I notice these things because I'm not "folksy".

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